Scottish Mortgage Invest... Share Discussion Threads

[topvest] 28/12/2015 09:07

They are indeed. Pity they don't make much of a profit or pay a dividend along with having a P/E that is in the stratosphere!

[quepassa] 28/12/2015 08:21

Can Amazon double this year?

Their Christmas sales are off the graph and truly astonishing. The take-up of Amazon Prime, devices and shopping services are extraordinary.

read the 28th. RNS.



ALL IMO> DYOR.
QP

[quepassa] 24/12/2015 09:53

Sounds like ScoMo isn't for you. Maybe you are right.

Some tech giants do hang around however, don't they?

Like Microsoft and Google.

For most of its young life, Microsoft didn't pay a dividend.

I guess we are hoping that ScoMo are spotting the right ones.

Personally, cannot think of a contender to Amazon. Nor Tessla. Nor Alibaba.


Can you?

All I know is that ScoMo are doing a good job at the moment.

ALL IMO. DYOR.
QP

[topvest] 24/12/2015 09:20

Amazon is a truly great company, that there is no doubt. However, it doesn't pay a dividend and doesn't make good profits so what is the point for investors, other than riding a speculative bubble...it's share price will crash at some point as will a lot of the ridiculously priced US tech giants that are here today, gone tomorrow. At that point (whenever it comes) Scottish Mortgage will get hammered.

[quepassa] 24/12/2015 08:45

The FT is full of stories and praise for Amazon today whose share price has more than doubled this year.

Clearly this has helped the strong performance of ScoMo this year. Well done. A great pick.

ScoMo's top ten holdings are impressive reading making up more than 50% of the fund.

Reprising the Amazon theme however, today's FT Lex column waxes lyrical that theoretically, using Walmart and IBM metrics, the Amazon $650 share price may grow to $2,600 over time. Let's hope so.


ALL IMO. DYOR.
QP

[topvest] 23/12/2015 17:59

Sold half of mine. Interested in their strategy, but don't really like it. Buying really expensive technology stocks isn't my style. Bought these in 2009 and, wow, haven't they done well. Will keep my small holding and add next time the world falls over again!

[quepassa] 23/12/2015 10:37

November Fund Fact Sheet now out.

Illumina has ( unsurprisingly) shot into 2nd position with a portfolio holding of 7.8%.

According to my calculations the November end Total Assets represented an all-time high of £4.04billion (probably higher now?)

Since the September/October slump, ScoMo have moved forward by significantly more than 15% against a lack-lustre market.

That's remarkable going over two months for a £3.5-4billion fund.

ALL IMO. DYOR.
QP

[quepassa] 22/12/2015 09:35

Tardy in issuing the November fund fact sheet.

Illumina did well yesterday.

ALL IMO. DYOR.
QP

[quepassa] 18/12/2015 11:31

About time they released the November Monthly Factsheet!

QP

[quepassa] 17/12/2015 06:16

Expectant of a good day for ScoMo.

For example, Alibaba +2.5%, Amazon + 2.6% and Tesla +6.1%


Over the last one or two months, Illumina has been a star performer. From $140 to $185. Their third largest holding.


ScoMo are issuing too many shares again. They need a moratorium on that.


ALL IMO> DYOR.
QP

[dr jekyll] 07/12/2015 13:32

Agree with you re the share issuing.

[quepassa] 07/12/2015 09:11

It seems to me that the price of this investment trust share would be quite a bit higher if ScoMo didn't keep on issuing so many Treasury Shares to satisfy seemingly strong market demand.

Whilst issuing shares from Treasury has some benefits in aligning prices with NAV, it seems to me that ScoMo are being somewhat overzealous in their frequent use of Treasury Shares.

Looks to me that we shall soon be retesting the April high of c 282p quite soon and hopefully onwards thereafter to a new all-time high.


ALL IMO. DYOR.
QP

[walter walcarpets] 05/12/2015 16:26

QP - good find, cheers

walt

[dr jekyll] 05/12/2015 13:07

I might indeed. Thanks for the link too. Useful.

[quepassa] 04/12/2015 14:07

Dated a month ago, a fascinating article in the aic about ScoMo's Unicorn and unquoted investments portfolio.

To have access through ScoMo to these pre-IPO companies is fascinating and hard to come by.



A little share price weakness today after yesterday's sell-off. Some may consider it an interesting entry point.


ALL IMO. DYOR.
QP

[dr jekyll] 03/12/2015 12:16

QuePassa, I find your posts helpful. I sold out of SMT as they were dropping over recent weeks but looking to get back in soon. Hoping I haven't mistimed buying in again and wondering if a retrace is on the cards? Looking long term really. My older son has a fair few shares here for the very long term too.

[quepassa] 03/12/2015 12:05

Sterling goes lower than $1.50.

Great on a f/x revaluation basis for ScoMo's heavy weighting towards North America.

ALL IMO. DYOR.
QP

[quepassa] 02/12/2015 09:28

ps. could be that Inditex is now number 3 having perhaps been overtaken by Illumina given Illumina's recent strong run.

The November fund fact sheet will tell all when released.

ALL IMO. DYOR.
QP

[mad foetus] 02/12/2015 09:26

Agree with all of your comments QP. I just hope that James Anderson has a plan for when reality hits Tesla:
hxxp://www.valuewalk.com/2015/12/tesla-motors-tsla-the-short-case-valuation/

[quepassa] 02/12/2015 09:22

Mustn't forget that ScoMo's second largest shareholding is Spain's Inditex - the abbreviation of Industria de Diseno Textil SA. - Best known for fast-fashion group, Zara.

Inditex are up 45.5% Year to date and looking strong.


ScoMo's third largest shareholding is Illumina Inc. They peaked in Summer at $240 and then took a major tumble in the summer sell-off to $140 towards the end of October.

Since October, the share price of Illumina has raced forward over the last 4/5 weeks by some 33% to $187.


The US$ strength against most currencies including sterling continues to favour ScoMo's 45% portfolio holdings in North American stocks.


If you want a fund cautiously invested in 3% of everything, ScoMo is not right for you. If you want true conviction-investing with an emphasis on exceptional growth companies especially in internet/emerging/pioneer industries, ScoMo is in my opinion outstanding.


ALL IMO. DYOR.
QP

[quepassa] 02/12/2015 06:33

Tesla up another 3% last night, Amazon +2%.



A new model for Tesla but in particular a lot of excitement about Tessla's massive and game-changing Gigawat factory under construction in Nevada which will be able to produce more lithium-type batteries at this facility alone than the rest of the world put together.

ScoMo continue to issue good volumes of shares from Treasury at a premium to mkt price. A good sign of healthy demand from the market.

The premium to mkt value seems to be holding.

The mighty Blackrock group have further increased their holding in ScoMo to more than 10%. A strong vote of confidence from another fund manager.

ALL IMO. DYOR.
QP

[shavian] 28/11/2015 15:45

Some news in from 7IM:

"Did you know, China had its own version of Black Friday on 11th November, during which Alibaba alone, recorded sales of $9.3bn in just 12 hours?"

7IM has upped its exposure to Chinese stocks in its multi-asset funds; 2.5% in its Moderately Cautious fund, 9% in its Moderately Adventurous Fund, 11% in its Adventurous Fund. Those are big bets.ll

No advice intented. DYOR

[mad foetus] 27/11/2015 11:31

Tesla is the most obvious short you will ever see. The problem is, that statement has also been true for years.
In the end, SMT does very well in general, exceptionally well when the market is rising and much worse than average when the market corrects. And shares with valuations that bear no relation to their current profit explain why. It's not to criticise - it is the nature of the beast. James Anderson himself would admit valuation is not something he pays much regard to, as he is paying for explosive growth in the future.

[joy division still] 27/11/2015 11:21

I'm v happy with SMT ,ta Its Tesla I'm not.
Amazon - at least they are the defaco market leader / driver in a very large and expanding market. I see that value, if not now then in the future.

Tesla - loses cash on every car sold. Has renegotiated its debt at least once. It's IP is of very dubious value - Elon quoted as saying its 'free'
Just IMO